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← RURAL EDUCATION FOUNDATION

Form 990 for tax year 2024

Filed by RURAL EDUCATION FOUNDATION.

Totals

Total revenue
$5,739,785
Total expenses
$4,203,369
Contributions and grants received
$1,529,360
Grants paid
$0
Program service revenue
$2,836,076
Investment income
$1,105,865
Other revenue
$268,484
Total assets, end of year
$10,692,995
Total liabilities, end of year
$428,978
Net assets or fund balances, end of year
$10,264,017
Program services expenses (Part IX)
$3,223,452
Management and general expenses
$878,003
Fundraising expenses
$101,914
Program service expenses (Part III)
$3,223,452

Program services were 76.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,529,360

  • 2a · Program service revenue: TUITION AND FEES

    total $2,090,790 · related or exempt $2,090,790

  • 2b · Program service revenue: FOOD SERVICE

    total $426,174 · related or exempt $426,174

  • 2c · Program service revenue: SPECIAL PROGRAMS & ACTIVITIES

    total $207,101 · related or exempt $207,101

  • 2d · Program service revenue: TRANSPORTATION

    total $66,321 · related or exempt $66,321

  • 2e · Program service revenue: REGISTRATION & APPLICATION FE

    total $45,690 · related or exempt $45,690

  • 3 · Investment income

    total $286,892 · related or exempt $286,892

  • 6a · Gross rents

    real property $2,525

  • 6c · Rental income or loss

    real property $2,525

  • 6d · Net rental income or loss

    total $2,525 · related or exempt $2,525

  • 7a · Gross sales of assets other than inventory

    securities $1,118,972 · other assets $790,000

  • 7b · Less cost or other basis and sales expenses

    securities $1,015,466 · other assets $74,533

  • 7c · Gain or loss

    securities $103,506 · other assets $715,467

  • 7d · Net gain or loss

    total $818,973 · related or exempt $818,973

  • 8a · Fundraising events: gross income

    $153,691

  • 8b · Fundraising events: direct expenses

    $34,437

  • 8c · Net income from fundraising events

    total $119,254

  • 11a · Other revenue: MISCELLANEOUS

    total $88,797 · related or exempt $88,797

  • 11b · Other revenue: REBATE INCOME

    total $57,908 · related or exempt $57,908

  • 11e · Other revenue, total

    $146,705

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $137,463 · program services $109,970 · management and general $27,493

  • 7 · Other salaries and wages

    total $2,089,950 · program services $1,671,960 · management and general $417,990

  • 8 · Pension plan contributions

    total $14,942 · program services $11,954 · management and general $2,988

  • 9 · Other employee benefits

    total $120,360 · program services $96,288 · management and general $24,072

  • 10 · Payroll taxes

    total $168,524 · program services $134,819 · management and general $33,705

  • 11f · Fees: investment management

    total $40,424 · management and general $40,424

  • 20 · Interest

    total $90,121 · program services $45,060 · management and general $45,061

  • 22 · Depreciation, depletion and amortization

    total $184,751 · program services $92,375 · management and general $92,376

  • 24a · Other expenses: OPERATIONS

    total $620,037 · program services $620,037

  • 24b · Other expenses: INSTRUCTIONAL

    total $421,153 · program services $421,153

  • 24c · Other expenses: CENTRAL ADMINISTRATION

    total $174,058 · management and general $174,058

  • 24d · Other expenses: EXTERNAL AFFAIRS

    total $141,586 · program services $19,836 · management and general $19,836 · fundraising $101,914

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,733,648 · end of year $1,954,404

  • 4 · Accounts receivable

    beginning of year $15,523 · end of year $19,438

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,439 · end of year $26,570

  • 10a · Land, buildings and equipment: cost or other basis

    $12,440,025

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,564,295

  • 10c · Land, buildings and equipment, net

    beginning of year $3,059,704 · end of year $2,875,730

  • 11 · Investments: publicly traded securities

    beginning of year $5,641,339 · end of year $5,659,751

  • 15 · Other assets

    beginning of year $44,550 · end of year $157,102

  • 17 · Accounts payable and accrued expenses

    beginning of year $210,378 · end of year $180,920

  • 19 · Deferred revenue

    beginning of year $408,293 · end of year $248,058

  • 24 · Unsecured notes and loans payable

    beginning of year $1,412,660

  • 27 · Net assets without donor restrictions

    beginning of year $1,718,856 · end of year $2,335,041

  • 28 · Net assets with donor restrictions

    beginning of year $6,793,016 · end of year $7,928,976

Mission and programs · 2024

Mission

THE RURUAL EDUCATION FOUNDATIONS MISSION IS TO CREATE A SAFE AND SUPPORTIVE LEARNING ENVIRONMENT WHICH FOSTERS THE DEVELOPMENT OF BOUNDLESS INDIVIDUAL POTENTIAL.

Activities or mission (Part I)

THE MISSION OF THE RURAL EDUCATION FOUNDATION IS TO CREATE A SAFE AND SUPPORTIVE LEARNING ENVIRONMENT WHICH FOSTERS THE DEVELOPMENT OF BOUNDLESS INDIVIDUAL POTENTIAL.

  • THE RURAL EDUCATION FOUNDATION OPERATES AN ACCREDITED PRIVATE SCHOOL WHERE ALL INCOME GENERATED IS IN CONNECTION WITH THE EDUCATIONAL PROGRAM OFFERED BY THE FACILITY.

    Expenses $3,223,452 · Revenue $2,836,076

As filed on the 2024 return.

Listed in Part VII

  • Joyce Eggleston

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • Victor Adaniel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Kathy Andrews

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Robert Atkinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Kristina Easter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • John Gantt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Darrell Hodges

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Sandra Moss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Kathleen Seiler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jeremy Shank

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • David Crute

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Donna Vancleave

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Vitale

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Paul Reynolds

    HEAD OF SCHO

    Total calculated
    $137,463
    From this org
    $137,463
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
11 June 2026
IRS schema version
2024v5.0
Source object
202621669349301712

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